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Metaplanet Bitcoin Strategy: $33M Bonds Issued to Expand BTC Holdings
In a bold move, Metaplanet has issued ¥5 billion (approximately $33.3 million) in ordinary bonds with the intention of expanding its Bitcoin holdings. This strategic decision aims at capitalizing on the current market trends and creating long-term value for investors.
The bond issuance is expected to mature on June 16, 2025, providing Metaplanet with ample time to execute its Bitcoin purchasing plan. The company plans to repay these bonds using funds generated from the sale of stock rights.
This development comes as no surprise given the recent trend among major companies in expanding their Bitcoin reserves. Many notable organizations have adopted a similar strategy to ensure long-term financial stability and create sustainable returns for investors.
Source: coinpedia.org
